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Sunset Park Solid Brick Multifamily
For Sale
$1,388,000

361 59th St, Brooklyn, NY 11220

Six-unit multifamily building in Sunset Park, Brooklyn.

Property Size3,201 SF
Lot Size0.05 Acres
Price / SF$1,101
Days on Market206

Property Features for 361 59th St

General Information

Standard status Active
Size 3,201 SF
Lot size 0.05 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $10,283

Building Details

Building Size 3,201 SF
Year Built 1906
Listing Agency: RE/MAX Real Estate Professiona
Listed By: Huizhen (Rose) Li
Source: Elliman
Added: Mar 10 Changed: Sep 17 Last Checked: Oct 1 at 12:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Professiona

Investment Insights

Based on property information with market context.

This is a six-family solid brick building located in the Sunset Park neighborhood. The building has dimensions of 21x60 and sits on a 21x100 lot. The property features six one-bedroom apartments, all in move-in condition, and includes access to a full basement. The gross annual rental income is $110,749. The building is located near shopping and transportation options on 4th Ave and 5th Ave, and is close to the N and R train subway station. The annual taxes are $10,283.

Key Highlights

  • Solid brick 6‑family building in Sunset Park
  • Gross annual rental income of $110,749
  • All 6 one‑bedroom apartments in move‑in condition

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,084
Businesses Nearby

Demographics for 11220, NY

105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit multifamily building in Sunset Park, Brooklyn.
Where is this apartment building located?
The property is located at 361 59th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Solid brick 6‑family building in Sunset Park; Gross annual rental income of $110,749; All 6 one‑bedroom apartments in move‑in condition
More about this property
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